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10 chapters · 257 sections in this title.
Miss. Code Ann. § 71-9-1 Short title
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This chapter shall be known and may be cited as the “Medical Savings Account Act.”
Miss. Code Ann. § 71-9-3 Definitions
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(a) As used in this chapter:(a) “Account administrator” means a state chartered bank, savings and loan association, credit union or trust company authorized to act as a fiduciary and under the supervision of the Department of Banking and Consumer Finance or the Department of Savi…
Miss. Code Ann. § 71-9-5 Authority to establish medical savings account; limits on deductible amounts contributed to account; interest earned on account excluded from gross income
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(1) Each employer shall be permitted to offer voluntarily the following programs:(a) Continued coverage under the employer’s existing health coverage policy, certificate or contract; or(b) Participation in a medical savings account program. (a) Continued coverage under the employ…
Miss. Code Ann. § 71-9-7 Use of funds in account; distribution of funds in account upon death of account holder
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(1) Except as otherwise provided in Section 71-9-9 of this chapter, an account administrator shall use the funds held in a medical savings account solely for the purpose of paying eligible medical expenses of the account holder, or his or her dependent, or to pay for an accident …
